Thomson Reuters (TSE:TRI) Cut to “Hold” at Wells Fargo & Company

Wells Fargo & Company lowered shares of Thomson Reuters (TSE:TRI) (NYSE:TRI) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other research firms also recently issued reports on TRI. Royal Bank Of Canada raised Thomson Reuters from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, February 10th. BMO Capital Markets lowered their price objective on shares of Thomson Reuters from C$275.00 to C$165.00 in a research note on Friday, February 6th. TD Securities dropped their target price on shares of Thomson Reuters from C$285.00 to C$175.00 and set a “buy” rating on the stock in a report on Friday, February 6th. National Bank Financial cut their target price on shares of Thomson Reuters from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research report on Sunday, February 8th. Finally, Canadian Imperial Bank of Commerce lowered their price target on shares of Thomson Reuters from C$183.00 to C$140.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Four analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$181.83.

Thomson Reuters Price Performance

Shares of TRI stock opened at C$120.87 on Monday. The stock has a 50 day moving average price of C$137.56 and a 200 day moving average price of C$179.33. Thomson Reuters has a 52-week low of C$109.20 and a 52-week high of C$299.24. The company has a debt-to-equity ratio of 17.82, a quick ratio of 0.52 and a current ratio of 0.64. The firm has a market capitalization of C$53.65 billion, a P/E ratio of 36.30, a P/E/G ratio of 3.64 and a beta of -0.02.

Thomson Reuters (TSE:TRI) (NYSE:TRI) last released its earnings results on Thursday, February 5th. The company reported C$1.47 earnings per share for the quarter. The business had revenue of C$2.76 billion during the quarter. Thomson Reuters had a return on equity of 12.37% and a net margin of 20.09%. As a group, sell-side analysts predict that Thomson Reuters will post 5.6395803 earnings per share for the current year.

Thomson Reuters Company Profile

Thomson Reuters is the result of the $17.6 billion megamerger of Canada’s Thomson and the United Kingdom’s Reuters Group in 2008 and the 2018 carve-out of its finance and risk business, Refinitiv, in which it holds a 45% stake. In 2019, the company agreed to exchange its 45% stake in Refinitiv for a 15% stake in LSE. Since the divestiture, the company is more concentrated on selling its flagship legal data and software, WestLaw, and its tax accounting software, OneSource. In addition, the company does hold a significant investment in the publicly traded Tradeweb, which operates a fixed income exchange.